About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

Great story but I think the real story here is Mr Schwartz patience. He is truly an investor. He’s probably still holding Microsoft stock bought at their IPO. Congratulations to him on a great long term investment.

Rick Schwartz (aka Domain KING) runs the best business (domaining) plan in the world.
Unfortunately he´s the only one who can follow this plan. About 20 sales in 20 years.
But he made many, many millions from those 20 sales.

Congratulations Mr. Schwartz (once again)

*I sell 20-30 domains every year but never made more than $40K a year big diffrence)

I follow the same patient path. My inventory isn’t as nice as his as I started in 2002 but I still do well in terms of ROI. Most of my inventory is expired reg fee .Com pick ups with the majority selling in the 1-10k range with a couple stretching well above the 10k mark. It’s not what ya paid for something it’s what it’s worth to the right end user. So my business model is buy domains that make business sense, list them at a few aftermarkets along with my own sales pages, continue working on my developed sites to keep me busy/profitable and when an offer comes in below end user value reject it.

@Marian you might not make million dollar sales but I have personally turned reg fee .com expired domains into 1-10k on a consistent basis, all about ROI, 8 dollars into 1-10k range works for me, depends on quality what ya can pull off.

@Jon would doubt Rick reaches out, think he does what I do, buy good domains, stay busy with other stuff and when an email comes in below end user value say no, think he takes the saying no part more serious than I do though as he doesn’t seem to leave a nickel unclaimed 🙂

I think you can learn a lot from these guys and from this blog. Not to “spam” here but we own
5GInternetOfThings.com with an eye towards 5G coming to worldwide acceptance in 5-6 years-re Mike Mann buys names with 5 years or more in the future in mind-his recent sale of “BroadSpecctrum.com” for $75,000 is a perfect example-he paid $3K 5 years ago before “Broad Spectrum” was mainstream. My point is that even though someone didn’t buy names in the 1990’s like Mr Schwartz one can still learn from these guys and also from their mistakes re Flowers.mobi also (RS swings for the fences and this happens sometimes) and this is a great blog to follow and lean from..

1) Great knack for picking up undervalued assets, with little overhead/upkeep (renewal fees)
2) Ability to see where the market is going, not just where it is
3) Amazing networker
4) Not in a hurry to unload any assets
5) Stays the course — with his desired sales price for his assets
6) Intuition on how valuable the asset could be to the potential buyer

Congrats Rick! IMO The secret sauce is Rick doesn’t only sell domain names. Rick sells common-sense, he sells visions and the possibilities behind owning the name. Rick understands the true value of a Premium domain and he has the ability to make others understand the possibilities too. I’m sure the man doesn’t make 1 sentence counter-offers.

This is very encouraging news I own the domain 0007.com I believe it is more valuable than 9595.com
specially with James Bond movie coming out I hope I can get much higher offers than what Mr. Schwartz Got.